Getting a handle on your cash flow doesn’t have to be difficult. That said, it is arguably the most important factor in keeping your business afloat, as well as when qualifying for financing. According to the Small Business Administration (SBA), 20 percent of small businesses fail within their first year, and as many as 50 […]
What do your customers think when they hear your business’s name? What’s your business’s purpose, beyond making a buck? Your “brand” is so much more than the products and services you offer and the logo you’ve designed for your website or storefront. A company’s brand is the collection of positive and negative associations that it […]
Providing Professional Services That Are Good for People, Planet, and Profit (3P) Like any other small business, providers of professional services — such as doctors, lawyers, accountants, and architects — need to generate profits in order to stay in business and continue serving their clients. But while earning a profit is the most obvious goal of running […]
No matter what kind of business you own, one thing is always true: If you don’t have a strong cash flow, you’re going to run into a lot of trouble. Without working capital, the money necessary to fund short term needs and operations, businesses cannot continue to run. Growing companies often find themselves short on cash […]
Finish 2017 on a strong note by completing this end of year checklist. These 18 tasks will prime your business for a growth-fueled 2018.
Business does not run without the necessary cash flows to support daily operations. Make working capital work for you with these tips.
No matter what your business does or how you manage your finances, chances are there will come a time when you consider getting a small business loan to help out.
Anyone who has owned a small business for an appreciable length of time has encountered the need for some extra cash at least once. And, of course, if you’ve decided to start looking into small business financing, you’ve probably encountered a ton of different terms, many of which you may have never seen before.
One of the most common and popular types of small business loans , working capital loans are used by business owners and entrepreneurs to fund a variety of needs from new equipment to inventory management and much more. Perhaps the biggest advantage of working capital loans is the method by which repayment is taken. In
Do you understand the difference between working capital and cash flow? Here's what each term means and how they affect your financial responsibility.
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